Home / Market Movers / Fieldex Exploration Inc. (CDX:FLX:CA) Skids 3.23% in Early Trading on April 21 to Drag on TSX Venture Basic Materials Sector

Fieldex Exploration Inc. (CDX:FLX:CA) Skids 3.23% in Early Trading on April 21 to Drag on TSX Venture Basic Materials Sector

Fieldex Exploration Inc. (CDX:FLX:CA) came out weak at the opening of trading on April 21, outpacing most other peers in the basic materials sector listed on the TSX Venture Exchange with an early decline of 3.23%. After closing the previous session at $0.155, shares of FLX:CA opened this morning at $0.15 and are currently trading at $0.15. So far, about 1,000 shares have changed hands, compared to an average 30-day volume of 15,907 for Fieldex Exploration Inc.. Shares moved as high as $0.15 and as low as $0.15 in today’s early action.

The share depreciation gives the company a market capitalization of $1.6 million based upon 10.33 million shares outstanding.

In the past 52 weeks, shares of Fieldex Exploration Inc. have traded as low as $0.1 and as high as $0.65. Technical traders will take note that at $0.15, shares of FLX:CA are trading above their 50-day moving average (MA) at $0.143 and below their 200-day MA at below $0.226. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.

Who is $Fieldex Expl?

Fieldex Exploration Inc is an exploration stage corporation. The Company is in the business of acquiring, exploring and developing mining properties and it hold interests in properties at the exploration stage located in Canada. The company is led by its CEO Martin Dallaire from its headquarters at 139 Quebec Avenue.

For more information on Fieldex Expl and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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About the TSX Venture Exchange

Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.

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